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told her, i want to get a sense from you as to the commitment of this administration and the federal government to help in new jersey, and certainly new york, and the region, recover. when we had hurricane katrina on the gulf coast in mississippi and alabama and louisiana, i was there. when we had tornadoes in missouri, i was there. when we had flooding along the mississippi, i was there. when we had cropped instructions in the midwest, i have been there. i believe this is the united states of america. i fully expect that now, for the first time, we have the type of devastation others have suffered and should understand we are going to have the type of response others have received. i would like to get a sense of you as the type of commitment this administration has? >> this is a region i also have roots in. i married a jersey girl. i have worked in new jersey, grew up in new york. besides the personal commitment i have, i also see the president who is on the ground in new jersey almost immediately and has done everything he can to help the short term and has given me the responsibility. you ha
told her, i want to get a sense from you as to the commitment of this administration and the federal government to help in new jersey, and certainly new york, and the region, recover. when we had hurricane katrina on the gulf coast in mississippi and alabama and louisiana, i was there. when we had tornadoes in missouri, i was there. when we had flooding along the mississippi, i was there. when we had cropped instructions in the midwest, i have been there. i believe this is the united states of...
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the agency's, the salaries of all government employees. more of a leg to stand on about fairness and taxing the rich. if our politicians would give up their entitlements we would save the country billions and not have to affect the eneral public and their social security and medicare. dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired the bi shot hollywood agency william morris to represent him in the next phase of his career. william morris is run by r.e.m. manuel, the brother of chicago mayor and the inspiration for the character ari goldman the
the agency's, the salaries of all government employees. more of a leg to stand on about fairness and taxing the rich. if our politicians would give up their entitlements we would save the country billions and not have to affect the eneral public and their social security and medicare. dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you...
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i want to stress my last point, the government largely standing on the sidelines. a private study was done along the same lines. u.s. government policy, but also those of you in civil society and others, we're sort of sitting on the sidelines. there is a desire among a lot political forces including younger islamists who want to bring about change in a political movement. for the large part, we're sitting on the sidelines. we need to do more. >> we do need to move on to the two and a portion. i like to take a few questions from the audience -- q & a portion. i would like to take a few questions from the audience. >> i am from the center for democracy and human rights in saudi arabia during washington, d.c. what is missing around these discussions is the fact that islamists have nothing to offer. the other point is, there is a new generation of arabs who are very different than their fathers and grandfathers. what we should be focusing on, our democracy are threatened by islamist ideology. what shall we do about the threat to democracy? this is the first time they a
i want to stress my last point, the government largely standing on the sidelines. a private study was done along the same lines. u.s. government policy, but also those of you in civil society and others, we're sort of sitting on the sidelines. there is a desire among a lot political forces including younger islamists who want to bring about change in a political movement. for the large part, we're sitting on the sidelines. we need to do more. >> we do need to move on to the two and a...
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maybe the government is simply making a peace savings. i do know seniors cannot save $5 billion without someone paying the price. melissa: thank you. be sure to watch the tom sullivan show this weekend. have all wonderful weekend. happy friday, everyone. we will see you back here on monday. ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone, how did you find the best one? we have you covered. "welcome to "the willis report." hello, everybody. i'm gerri willis. tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a way through this regardless of congress and the president. small-business owners in this country are preparing to hire. join me now, chief u.s. economist for i may just pull one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who
maybe the government is simply making a peace savings. i do know seniors cannot save $5 billion without someone paying the price. melissa: thank you. be sure to watch the tom sullivan show this weekend. have all wonderful weekend. happy friday, everyone. we will see you back here on monday. ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone,...
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government spending is above what it was before the recession. business investment, that area is what continues to lag. in your view, do you think raising taxes on the two marginal rates as well as capital gains dividends, does that encourage more business investment in the economy? >> the threat of those increases is a very big negative. mr. brady, one of the things economists use when they teach graduate classes is something called the handbook of public economics. you had to study that, too, mark. i know i did. one of the later editions, there is a chapter on how taxes effect business spending. we go into a very gory detail about how negative this can be. if the dividend tax is going to go up, a lot of firms would be hurt significantly by that. they would be paring back their capital spending in anticipation of higher taxes in the future. businesses will look to the future when they decide what they're going to do. they are not investing. you see it's in the investment data. it is why this recovery has been so slow. businesses have a lot of ca
government spending is above what it was before the recession. business investment, that area is what continues to lag. in your view, do you think raising taxes on the two marginal rates as well as capital gains dividends, does that encourage more business investment in the economy? >> the threat of those increases is a very big negative. mr. brady, one of the things economists use when they teach graduate classes is something called the handbook of public economics. you had to study...
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the question is a government corporation with what powers? we use a government corporation as a shorthand for something that is less bureaucratic and more able to operate like a business within the parameters of federal support charged, and in some ways the question is what are the authorities to protect for risk and to design programs, and does have positive and negative consequences. >> there are ways to come short of federal corporations and give it fha flexibility to reinvest some of its premium or negative subsidy for the budget back into the system. one thing i find remarkable about having to spend some time inside a federal agency is you get funds appropriated for a new systems technology environment and that takes years to research and build as anybody knows from the private sector if funds are available for that year. all of a sudden you have these awkward and disadvantageous incentives to spend money in a short period of time when you would rather be able to do it thoughtfully, and the constraints of working in an annual appropriati
the question is a government corporation with what powers? we use a government corporation as a shorthand for something that is less bureaucratic and more able to operate like a business within the parameters of federal support charged, and in some ways the question is what are the authorities to protect for risk and to design programs, and does have positive and negative consequences. >> there are ways to come short of federal corporations and give it fha flexibility to reinvest some of...
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offer real and concrete policy solutions and a real role for government, appropriate role for government to play in addressing those anxieties. i think we're one election away from being able to do that. would always our but we have to do. we have to recognize what it is and concentrate. >> how much of a danger to the public is being proposed by this change is? >> i wouldn't call it a danger to i think it's a challenge. it's a challenge. like every election is a challenge. take what you stand for and tried to convince people that it's better for them to what the other side is offering. sometimes people have forgotten the article of persuasion. politics is not just being what people are for. sometimes politics should be but and oftentimes it should be but understand what is the right thing for the country and working hard to convince people that that is the right thing for country. that's an important part of the political process. it has gotten lost recently. [inaudible] >> look, there are a large number of hispanics will also happen to be liberal democrats. there's nothing wrong in tryi
offer real and concrete policy solutions and a real role for government, appropriate role for government to play in addressing those anxieties. i think we're one election away from being able to do that. would always our but we have to do. we have to recognize what it is and concentrate. >> how much of a danger to the public is being proposed by this change is? >> i wouldn't call it a danger to i think it's a challenge. it's a challenge. like every election is a challenge. take what...
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government was trying to do. there was a huge uproar and if you listen very carefully, there was a sense that the government did not know exactly what it wanted to do. it was confused and without a sense of direction that maybe you wall had a clear sense of direction. >> we had a clear sense and you told -- we told you but you just didn't believe us. at geneva i sat down with a group of bankers and you were not one of them, and one of them asked, you know, we didn't know this was coming. i said, the president made his speech january 16, 1984. this was more than a year and a half before and most of your people said he was playing politics. he set forth in that speech what he wanted to do and i think we were very open. it was simply that the press was extraordinarily, i would say skeptical that the president knew what he was doing. now, there's another side to public diplomacy, and how about the soviet union? ros has mentioned the important agreement at geneva that a nuclear war cannot be won and must not be fought
government was trying to do. there was a huge uproar and if you listen very carefully, there was a sense that the government did not know exactly what it wanted to do. it was confused and without a sense of direction that maybe you wall had a clear sense of direction. >> we had a clear sense and you told -- we told you but you just didn't believe us. at geneva i sat down with a group of bankers and you were not one of them, and one of them asked, you know, we didn't know this was coming....
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you see when the economy collapses the government will collapse. melissa: ali, thanks so much for coming on. we appreciate your time. >> thank you. melissa: it is enough to make yelp users scream. a woman rips apart a business in a review. now the owner is suing her for $750,000. that owner is here in an exclusive interview to explain why. that is coming up next. at the end of the day it is all about money [ roasting firewood ] ♪ many hot dogs are witin you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stres ship fedex express by december 22nd for christmas delivery. melissa: so much for a penny for your thoughts. how does $750,000 sound? that is what one yelp and angie's list user is being sued for, all because she wrote a critical review. isn't that what the sites are kind of for? here in a fox business exclusive, anoth
you see when the economy collapses the government will collapse. melissa: ali, thanks so much for coming on. we appreciate your time. >> thank you. melissa: it is enough to make yelp users scream. a woman rips apart a business in a review. now the owner is suing her for $750,000. that owner is here in an exclusive interview to explain why. that is coming up next. at the end of the day it is all about money [ roasting firewood ] ♪ many hot dogs are witin you. try pepto-bismol to-go, it's...
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he will not tolerate anybody working to overthrow the government. but this is just in and it came from the end of the speech. the egyptian president mohamed morsi has called for a national dialogue meeting the day after tomorrow. friday is the day of prayers. saturday like the first day of the workweek, that is going to be the day where they call for national dialogue. they are trying to get the two sides together to come to agreements. he says this dialogue will cover the fate of the upper house of parliament. it will cover election law and a political road map. here is the main thing. president morsi says he will form a new assembly to write a new constitution if the current draft constitution is rejected. so what do we have here? this is a man from it is muslim brotherhood dually elected in a democratic process. he came into government with branches much like we have here. with checks and balances. he said to the checks and the balances, never you mind. i am going to run things, and i am not subject to your judicial review, and you people over he
he will not tolerate anybody working to overthrow the government. but this is just in and it came from the end of the speech. the egyptian president mohamed morsi has called for a national dialogue meeting the day after tomorrow. friday is the day of prayers. saturday like the first day of the workweek, that is going to be the day where they call for national dialogue. they are trying to get the two sides together to come to agreements. he says this dialogue will cover the fate of the upper...
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Dec 5, 2012
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if we don't get the government -- government's paying for this health care, but the private sector is the one that's writing the bills. you need to do something about the private sector section of the medical system. get 100,000 people to send their bills to you from the hospital and make these people justify these outrageous costs they are charging the government. host: congressman welch. guest: he's got a point. the cost is unbelievable. anybody who's been to the hospital as hes is, you not only get that bill, but you get a bill for the stay in the surgery room, you get a bill from the anaesthesiologist. it's peacework -- piecework billing. what we have is this fee-for-service system here which encourages volume. if you have a incentive, it will produce results. the results that are produced for the fee-for-service system you is get a lot of services offered that many times are not necessary. so that's what -- he's got a good example of how the cost is really beyond the control of any consumer. he gets sent to the doctor. next thing you know he's getting an angioplasty, he's getting
if we don't get the government -- government's paying for this health care, but the private sector is the one that's writing the bills. you need to do something about the private sector section of the medical system. get 100,000 people to send their bills to you from the hospital and make these people justify these outrageous costs they are charging the government. host: congressman welch. guest: he's got a point. the cost is unbelievable. anybody who's been to the hospital as hes is, you not...
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we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity at the airports to safeguard our system in the future. the obama administration and this congress have been great partners throughout this process, and we are grateful. the cost will be high, but it would be unfathomable in terms of the cost of lost productivity, disabled economies, and a fractured transportation networks should we fail to make those investments. the road ahead will be a challenge, but with the help of the government, we know that recovery is possible. thank you for holding this hearing, senator. >> we know well we are neighbors
we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity...
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to force government to shrink itself. this is the only way they will do that in my opinion, to have strict term limits for politicians in the future, single term limits so that politics is a duty and no longer a career by buying votes with voters money in perpetuity and that is what the fiscal cliff is all about. is sucking money in a huge transfer from the private sector to big government and big government is totally destructive to the economy and the morale of the nation. dennis: i think the notion that the congress will introduce term limits is on display in a redesign of fantasyland. let's say we do go over the cliff and instead marginal rates go up on their ridge. this doesn't have to be a devastating blow to the economy. doesn't capital at some point find a way to make money? >> all i can tell you is when i came into parliament with margaret thatcher as prime minister the top rate of tax was 92% on the ridge and england was dealing its way into the ocean. margaret thatcher dropped it in the first month to sixty% an
to force government to shrink itself. this is the only way they will do that in my opinion, to have strict term limits for politicians in the future, single term limits so that politics is a duty and no longer a career by buying votes with voters money in perpetuity and that is what the fiscal cliff is all about. is sucking money in a huge transfer from the private sector to big government and big government is totally destructive to the economy and the morale of the nation. dennis: i think the...
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we are not here for the government's spending. we have a right to earn our own money, to keep what we have come not to pay off the things that we share. most of that other stuff that happens, we should be going to the states to handle it. right now because of the potential of riots, let's stop the business welfare and then let's stop the personal welfare spending stop making people dependent. host: we will keep this conversation going by let me give you some other headlines. "the los angeles times" this morning -- "the wall street journal" says this about the situation in syria -- it is the front page of "the new york times" this morning, and they say this -- peter baker and bryan gordon write in "the new york times" -- then, also we are doing a segment on syria taking a deeper dive into this issue on sunday here on the "washington journal ." moving on to the situation in israel. five nations some men envoys of israel. also, some other headlines for you. "the baltimore sun" -- next to that, president obama suggests a revamp of the
we are not here for the government's spending. we have a right to earn our own money, to keep what we have come not to pay off the things that we share. most of that other stuff that happens, we should be going to the states to handle it. right now because of the potential of riots, let's stop the business welfare and then let's stop the personal welfare spending stop making people dependent. host: we will keep this conversation going by let me give you some other headlines. "the los...
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i'll break down how government is working to stop oil and gas exploration. that's coming up next. ♪ [ male announcer ] if you're eligible for medicare,e, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? of your part b medical expees. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free dision guide to help you tter understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be le to visit any doctor or hospit that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare suppl
i'll break down how government is working to stop oil and gas exploration. that's coming up next. ♪ [ male announcer ] if you're eligible for medicare,e, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? of your part b medical expees. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some...
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it seems to me we've had 70 years of government failure and a failure of government policy. and my question for you is, given 70 years of government failure in all aspects in housing finance, going forward why should congress trust the government's? >> thank you for getting a chance to clarify that. my point is that come is exactly the same. since the 1930s we have not really given the market a chance. so the system is built up to be detained on government programs. nobody really knows what a free market system would be anymore. and i think congress will have a great reluctance to go there, because congress will be told by the realtors, the home builders and others it's too dangerous. this will ruin the housing market and they will all be blamed for it. so i think it's not impossible to think that will go back to a freer market system, but i think congress is going to be very wary because that is going into the unknown at this point. >> other questions? yes, over here. >> is this on? good evening and thank you for the opportunity. and actual presentation this evening. my nam
it seems to me we've had 70 years of government failure and a failure of government policy. and my question for you is, given 70 years of government failure in all aspects in housing finance, going forward why should congress trust the government's? >> thank you for getting a chance to clarify that. my point is that come is exactly the same. since the 1930s we have not really given the market a chance. so the system is built up to be detained on government programs. nobody really knows...
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back with government money. and that government money every year is now playing in to the repayment. and that's why people think that you can cut social security to take the tax dollars out. well, if it was a private insurance company that had that surplus and loaned that surplus to another company, that first company would expect the second company to pay it back. so that cannot part of this equation. social security and the federal money that goes into social security cannot be part of the equation in this fiscal cliff debate. certainly with the expected theme of social security surviving before 2038 before it has reduced benefits, in the very near future, this hall, this great hall has to discuss how to fix that and other great minds in this hall i'm sure can, but it does not need to be part of this debate. this does not have to be a -- it should not be a part of whatever legislation we settle in this last lame-duck session of this congress. mr. garamendi: you're certainly well stating my position and i belie
back with government money. and that government money every year is now playing in to the repayment. and that's why people think that you can cut social security to take the tax dollars out. well, if it was a private insurance company that had that surplus and loaned that surplus to another company, that first company would expect the second company to pay it back. so that cannot part of this equation. social security and the federal money that goes into social security cannot be part of the...
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that's not what their goal of government, that's not their philosophy of government. and what the purpose of government is i believe that brauk bach is on this eright track to teach the people that this is what the role of government should be, is for the people. not for the corporate interests. and -- one other thing, can i ask about c-span, i want to say that unfortunately, i have been disabled, i'm a lawyer, and a veteran, i have been not able to work since the end of 1997. the one benefit that i have had to have this opinion is that i've been able to watch c-span and "washington journal" almost daily. and because of my illnesses unless i haven't been well enough to watch and i have learned so very much that i have never learned in 180 undergraduate hours or law school or high school. i have learned more history, i have learned more government, i have learned the true history of this country. not what we've been spoon fed in high school, that pablum they gave us in grade schools the pleasant little stories. it is to recognize where we have come from and how far we
that's not what their goal of government, that's not their philosophy of government. and what the purpose of government is i believe that brauk bach is on this eright track to teach the people that this is what the role of government should be, is for the people. not for the corporate interests. and -- one other thing, can i ask about c-span, i want to say that unfortunately, i have been disabled, i'm a lawyer, and a veteran, i have been not able to work since the end of 1997. the one benefit...
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led and something that government implements. traditional american view. you have voluntarilies and faith based organizations and pta, scouts and the church that help the communitis and be self reliant. that doesn't mean you are on your own. we as individuals reach out to our neighbors by voluntarily and help ourselves when we need help. that needs to be taught again. >> in the last seconds, in 2007, i was in the white house and president obama tried to get the comprehensive immigration bill . senator reid put the stake in that and it went away. now there is calls for comprehensive immigration. >> i am glad you bring back the history. it shows hypochrisy. senator reid and senator obama were against the immigration reform. they want to put edges . they don't want real reform and they could have already done it and right now, the house controlled by the gop, has passed now the stem act. >> which helps to bring science and technology . engineering. >> compres hencive reform. i am skeptical. >> i am skeptical and i am not sure we do
led and something that government implements. traditional american view. you have voluntarilies and faith based organizations and pta, scouts and the church that help the communitis and be self reliant. that doesn't mean you are on your own. we as individuals reach out to our neighbors by voluntarily and help ourselves when we need help. that needs to be taught again. >> in the last seconds, in 2007, i was in the white house and president obama tried to get the comprehensive immigration...
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mortgage companies the government controls. by the way, the feds have now or now have a hand in almost 90% of home loans in the united states. peter barnes from fox business is in d.c. tonight. how much could this new bailout cost if it happens, pete? >> well, shep, the fha ensures more than a trillion dollars in riskier mortgages with low down payments. typically 3.5%. so many of its older loans are going bad that one critic, ed pinto of the american enterprise institute estimates that a full blown recappization could cost taxpayers $25 billion if combined with major reforms. that does not appear likely right now, especially with budget cuts coming in the battle over the fiscal cliff but the agency has an unlimited line of credit with the treasury department. today, the housing secretary could not rule out tapping it but he said those hire fha loan fees and other changes could head it off. >> based on all of that, do you expect a taxpayer bailout as we sit here today? if so, when? >> based on those stats, i believe we have sig
mortgage companies the government controls. by the way, the feds have now or now have a hand in almost 90% of home loans in the united states. peter barnes from fox business is in d.c. tonight. how much could this new bailout cost if it happens, pete? >> well, shep, the fha ensures more than a trillion dollars in riskier mortgages with low down payments. typically 3.5%. so many of its older loans are going bad that one critic, ed pinto of the american enterprise institute estimates that a...
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that's an issue for local government. and again, to conclude without getting too much on a soap box. senator is correct. this response cannot be about the of federal government bailing, you know, everybody out for every dollar. it's got to be smart leveraging of the power of the local government to leverage their own asset, and using the power of the private market to leverage the assets we need for smart rebuilding and so those loans are important to leverage the assets of the local government. so we don't have to -- we can do a combination of the grant, give them power to, you know, leverage their borrowing capacity, and through new market tax credit which is not a subject here. but is an important part of the recovery that come under finance. i want to raise the issue we found them to be effective. senator coats. >> thank you. two final questions here. secretary donovan, you -- supplement probably come our way this week in the next couple of days at least. you have a sense of when the long-term recovery cost estimates
that's an issue for local government. and again, to conclude without getting too much on a soap box. senator is correct. this response cannot be about the of federal government bailing, you know, everybody out for every dollar. it's got to be smart leveraging of the power of the local government to leverage their own asset, and using the power of the private market to leverage the assets we need for smart rebuilding and so those loans are important to leverage the assets of the local...
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we can argue about whether we should do it from the federal government or from the state government or from our communities and our chumps but of course we're committed to fulfilling those goals. but we cannot, it is not fair and i argue it is immoral to face the kind of challenges that we're facing and say, you know what, we, the 80% of america, aren't going to help at all. we're already paying 6% of all the bills. there are 80% of us. we're the primary beneficiary. we're paying 6% of all the bills. we don't want to pay more. tax them. that is incredibly dangerous. and anti-theycal to who we are as a republic -- antithetical to who we are as a republic. ben franklin is often cited, if people find they can vote themselves money that will herald the end of the republic. that makes sense. it takes 51% to win an election. if 51% of the people can make sure that 49% have to bear all the burdens and pay all the bills and do all the fighting, then the thore 51% can take the day off. then franklin worried about that over 200 years ago. milton friedman, passed away, by his words are still with
we can argue about whether we should do it from the federal government or from the state government or from our communities and our chumps but of course we're committed to fulfilling those goals. but we cannot, it is not fair and i argue it is immoral to face the kind of challenges that we're facing and say, you know what, we, the 80% of america, aren't going to help at all. we're already paying 6% of all the bills. there are 80% of us. we're the primary beneficiary. we're paying 6% of all the...
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Dec 6, 2012
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some of that local and state governments. an interesting other point is some of the governors tbr -- from the region were here at the white house. they are talking about requesting emergency spending of about $50 billion. now that is important to get the resources, but at a time when we are talking about the fiscal cliff, soaring deficits and whatnot i asked whether or not that will be paid for. they will come up with other budget offsets or the emergency money will go straight to the deficit. he said it was unclear. that probably means it will go to the deficit. as you know they are having a hard time right now finding other things to cut in terms of spending. so while there are people who need it, that's going to be another major issue moving forward. how the federal government will spend about $50 billion when right now we are pretty much broke, neil. >> incredible. they know it is a nonstarter. do they not care? >> it is probably going to end up, as you know, you have seen this before, folded into the rest of the negotiat
some of that local and state governments. an interesting other point is some of the governors tbr -- from the region were here at the white house. they are talking about requesting emergency spending of about $50 billion. now that is important to get the resources, but at a time when we are talking about the fiscal cliff, soaring deficits and whatnot i asked whether or not that will be paid for. they will come up with other budget offsets or the emergency money will go straight to the deficit....
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and federal government also. but he also said that they would have to meet his goals and ideas. leader harry reid, he was more concerned that they were going to be able to reach some kind of an agreement avoid going off the fiscal cliff. gerri: how concerned are you? what would it mean if we read right over the edge? you believe that there will be some agreements by decembee 31? >> it is hard to tell. the house, the senate, the republicans, it's very tough negotiitions up there. i will tell you that i did meet with my finance officer this morning. my budget director. we talked about comparing my state budget. we have to make our decisions within the next month. the state of oklahoma, it will cost to $700 million in so many things. if we got the fiscal cliff. gerri: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state
and federal government also. but he also said that they would have to meet his goals and ideas. leader harry reid, he was more concerned that they were going to be able to reach some kind of an agreement avoid going off the fiscal cliff. gerri: how concerned are you? what would it mean if we read right over the edge? you believe that there will be some agreements by decembee 31? >> it is hard to tell. the house, the senate, the republicans, it's very tough negotiitions up there. i will...
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Dec 7, 2012
12/12
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fema is getting more money from the government if they are getting month money from the government they should write the checks out. >>neil: we will watch it closely. thank you. . you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>neil: to michigan, protesters not stopping republicans from approving right-to-work legislation that stopped you from forcing non-union workers to pay dues and could become law by next wednesday with my next guest's signature. does business ring a bell? this is the governor of michigan. >> we will get it done. it is important because it is about being pro worker, we have hard people, hard work people in union and they should be able to decide whether to join a union or not. it is not about employers or collective bargain. people should have the opportunity to say they want to belong or not. second, this can be good for economic development for more and better jobs coming to michigan. we have watched what has gone on in indiana with more companies look
fema is getting more money from the government if they are getting month money from the government they should write the checks out. >>neil: we will watch it closely. thank you. . you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>neil: to michigan, protesters not stopping republicans from approving right-to-work legislation that stopped you from forcing non-union workers to...
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and part of this is being subsidized by the government through record disability payments. lou: disability paymen from social security administration, taking that a side when one looks at food stamps and medica alone, you can add other incentives as well and support programs, but we are looking at the prospect of ving one in the quarter workers for every one person on welfare and working the government. we are reaching a dangerous, dangerous to pinpoint in this country, and we have nancy pelosi, the minority leader saying that you cannot cut your way to deficit reduction. mind-boggling. >> it is mind-boggling. after the second world war we cut our government spending by 60 percent. the economy boomed. we cut ourselves all the way into a big surplus. israel was in a catastrophic crisis in the mid 80's. it cut its way drastically to surplus. lou: this country has a long history. >> and new zealand. lou: this country, if we can be parochial allotted for a moment, we can learn from our own experience. it is pretty clear that when we talk about, as this administration has, retur
and part of this is being subsidized by the government through record disability payments. lou: disability paymen from social security administration, taking that a side when one looks at food stamps and medica alone, you can add other incentives as well and support programs, but we are looking at the prospect of ving one in the quarter workers for every one person on welfare and working the government. we are reaching a dangerous, dangerous to pinpoint in this country, and we have nancy...
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Dec 5, 2012
12/12
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they will instead use it to pay for larger government, more public workers, and more government waste. we need to have a serious conversation about our federal debt, which is now over $16.3 trillion and going up every day. how do we get that number under control? the president and his democratic friends have suggested for years that they can do it on the revenue side; specifically, by taxing the wealthy. yet the new taxes on the rich promised by the president during the campaign would reduce -- would reduce the next ten years of deficits by only 8%, assuming they didn't do any more spending. so where is the rest of the money going to come from? we need to have a serious conversation about spending, but so far the president, congressional democrats, and the liberal interest groups that support them have refused to engage. all they can saall i can say ree here, we're ready to talk, we're raid to reach a balanced resolution that would spare the american people from the consequences of going over the fiscal cliff. and, madam president, i've only been here 36 years, but i've seen every pre
they will instead use it to pay for larger government, more public workers, and more government waste. we need to have a serious conversation about our federal debt, which is now over $16.3 trillion and going up every day. how do we get that number under control? the president and his democratic friends have suggested for years that they can do it on the revenue side; specifically, by taxing the wealthy. yet the new taxes on the rich promised by the president during the campaign would reduce --...
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Dec 6, 2012
12/12
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in the government who's focused on government list. he outlines things he doesn't believe are appropriate. i just want to tell the viewers what we understand about the zombie conference. apparently, we paid, dhs gave grants to first responders -- look at this. [laughter] we gave grants to first responders to go get counterterrorism training, and they did, and they attended this five-day summit. and one of the things that was offered here was the zombie training exercise, but now under the microscope they're saying, oh, the taxpayer money didn't actually fund this particular piece of the conference, but in any event, coburn says, look, the money's finning bl, it's ridiculous. >> i actually interviewed senator coburn, and he made a fantastic point about this. by the way, i think he's a here are for -- hero for digging into this stuff. we've got the debate about the fiscal cliff and the debt ceiling and we're talking in the trillions. before you can even get to the trillions, if you can't stop stuff like this, does the american public eve
in the government who's focused on government list. he outlines things he doesn't believe are appropriate. i just want to tell the viewers what we understand about the zombie conference. apparently, we paid, dhs gave grants to first responders -- look at this. [laughter] we gave grants to first responders to go get counterterrorism training, and they did, and they attended this five-day summit. and one of the things that was offered here was the zombie training exercise, but now under the...
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coming up tonight on the big picture why republicans so worried about the united nations taking over our government and if they really think of defunct nonprofit group help steal the election for president obama all that more in tonight's lone liberal rumble and thousands of men women and children die every year as a result of senseless and completely preventable gun violence but have we become a nation that's afraid to talk about guns and to create the laws that are needed to effectively regulate that will protect american lives. you need to know this paranoid delusions swept the floor of the united states senate on tuesday as a group of republican senators blocked ratification of a u.n. treaty to help disabled people around the planet the convention on the rights of persons with disabilities requires signatory u.n. nations to provide for disabled populations in the exact same way as does the american one nine hundred ninety americans with disabilities act the treaty would require absolutely no changes to current u.s. law suite already passed the american americans with disabilities act more than
coming up tonight on the big picture why republicans so worried about the united nations taking over our government and if they really think of defunct nonprofit group help steal the election for president obama all that more in tonight's lone liberal rumble and thousands of men women and children die every year as a result of senseless and completely preventable gun violence but have we become a nation that's afraid to talk about guns and to create the laws that are needed to effectively...
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Dec 4, 2012
12/12
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casino stocks also under pressure on worries that the chinese government is increasing scrutiny over some of the macao casinos. oracle declared an accelerated second, third and fourth quarter dividend totaling 18 cents per share of outstanding common stock. this announcement comes ahead of a folks dividend tax increase next year. back to you. >> seem marks thank you. power run down time. joining us, cnbc's kayla tausche, john carney. start with a new study finding high-frequency stragd hurting traditional largely retail investors taking away profits. another sign this is a threat to investors. kayla, should we be surprised that the pros are lunching once again? >> talked about this so much, tyler. what i found interesting about this study, it tried to quantify the advantage, saying in the future's market, high-frequency trade hearse tradeers had a $5 contract. i'm worried about the volatility overall. >> a sign of something nefarious going on or the stupid of retail investors try go into this game? >> it doesn't measure the benefit bus the looks at the cost. there is a lot more lick
casino stocks also under pressure on worries that the chinese government is increasing scrutiny over some of the macao casinos. oracle declared an accelerated second, third and fourth quarter dividend totaling 18 cents per share of outstanding common stock. this announcement comes ahead of a folks dividend tax increase next year. back to you. >> seem marks thank you. power run down time. joining us, cnbc's kayla tausche, john carney. start with a new study finding high-frequency stragd...
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Dec 7, 2012
12/12
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the number of government opponents is growing throughout the day here in cairo. they are plunging the country of egypt into even deeper turmoil. large crowds venting their furry against president mohammed morsi and what they call his power grab, also rejecting his calls for a dialog to end the crisis. the violence there getting the attention of the white house. egypt is considered a vital american interest because of the peace treaty it maintains with israel. we have more on this ahead. but first, all right we are also tracking a developing story in syria. where new video shows the rebels slowly gaining ground in the battle for damascus. they've scored a series of tactical skwreubgt tree tactic tactical victories, and declaring the damascus international airport a military zone. fierce street battles are breaking out as you can see here from the video. the "associated press" released this amateur video and said it seems to core respond with news accounts from the city. foxess conor powell is covering syria live from our mideast bureau. what is the latest. >> repo
the number of government opponents is growing throughout the day here in cairo. they are plunging the country of egypt into even deeper turmoil. large crowds venting their furry against president mohammed morsi and what they call his power grab, also rejecting his calls for a dialog to end the crisis. the violence there getting the attention of the white house. egypt is considered a vital american interest because of the peace treaty it maintains with israel. we have more on this ahead. but...
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Dec 5, 2012
12/12
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CURRENT
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they want certainty predictability from our government. they realize that our taxes are going to be up a little bit. they know there is going to reform to social security and medicare, they want to know so they know how to plan for their companies. i hope it's resolved before i get there if not so be it, i see this as an opportunity for america to lead the way. china is slowing down. india is slowing down. europe is in a recession. south america is slowing down. we have an opportunity to lead out of this mess. i hope we take the lead. >> jennifer: everyone wants to prevent going over over the cliff you still will have a lot of issues on how best to lead the country forward. allen west will be gone but there will be tea partyers remain. how do you work with people who think compromise is a bad word? >> look, i was just earlier with the republican part of my district today and met with a lot of republican commissioners. the message i told them is what i told everybody. whether you're a republican, democrat, i have an open door. i want to hea
they want certainty predictability from our government. they realize that our taxes are going to be up a little bit. they know there is going to reform to social security and medicare, they want to know so they know how to plan for their companies. i hope it's resolved before i get there if not so be it, i see this as an opportunity for america to lead the way. china is slowing down. india is slowing down. europe is in a recession. south america is slowing down. we have an opportunity to lead...